This is not legal advice for your situation*

ML 08-23: Revised Downpayment and Maximum Mortgage Requirements

Mortgagee Letter 2008-23 provides guidance to mortgagees regarding the revised downpayment and maximum mortgage requirements for single family mortgages to be insured by FHA.  The revised downpayment requirement as described in the mortgagee letter takes effect with all new FHA case number assignments on or after January 1, 2009.  For more information, please refer to ML 08-23.



*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


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